LBLOCKUSD is about to resume its bullish race. The price might hit the $0.00020000 resistance level as the crypto has just resumed its bullish rally. Thus, a sharp breakout and closure above the $0.0001228 correction phase will invalidate any bearish thesis and the price might hit the above mentioned resistance level and beyond, accounting for a rise in the coin market.
Resistance levels: $0.0000700, $0.0000800, $0.0000900
Support levels: $0.0000500, $0.0000400, $0.0000300
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
The Lucky Block pair is trading in the bearish market zone in its long-term time frame. The bulls are also trying and will not allow the support level to stay. The price is now on its way up to the resistance area and might hit the $0.0002000 resistance level soon to invalidate the bearishness.
The bears’ pressure at the $0.0000370 support value during yesterday’s session has contributed to its bearishness in recent times.
The buy traders made a correction at the $0.0000410 supply mark and further rise to a $0.0000429 high value below the EMA line to resume its next uptrend move as the daily chart resumes today. The current price level however shows an intraday gain and might hit the $0.0001228 previous high if an additional power is added to the bullish momentum.
In a like manner, the LBLOCKUSD price is also pointing upwards on the daily stochastic, this suggests that the coin price may likely continue in an upward direction and might hit the $0.00020000 supply trend line in the days ahead in its higher time frame.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
The currency pair is showing a bearish sentiment in its medium-term outlook. The price actions can be seen in green below the moving averages indicating a bearish momentum.
The price of Lucky Block which is on its way to the resistance territory might hit the $0.0002000 level sooner.
The bearish pressure at the $0.0000383 support level in the past few hours has made the market value of Lucky Block remain below the supply trend levels in recent times.
The price action which increases to the $0.0000429 resistance level below the moving averages as a retracement move, affirms the presence and the impact of the bulls in the market.
Thus, closing the 4-hourly session above the $0.0000568 price level will put the trade more on the buy side which might hit the overhead resistance level soon.
In addition, more upsides are still coming as shown by the stochastic oscillator pointing upwards to indicate an uptrend. With the look of things, the bullish rally might hit the $0.00020000 high value in no long time on the medium-term time frame.
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